On May 10, 2004, former Chairman Pat Wood, III and National Energy Board
(NEB) Chairman Ken Vollman signed a MOU in Halifax, Nova Scotia,
which will be in effect until May 10, 2014.

The MOU addresses the sharing of information between FERC and the
NEB, and calls for the two agencies to coordinate the timing of
pipeline regulatory decisions to the extent possible. "Sharing of
information and timely decision-making are two critical elements
for the siting and construction of a natural gas pipeline across
Canada to bring natural gas stranded in Alaska to the lower 48 states,"
former Chairman Wood said.